A Model-based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance /
This paper presents a model-based fiscal Taylor rule and a toolkit to assess the fiscal stance, defined as the change in the structural primary balance. This is built on the normative buffer-stock model of the government (Fournier, 2019) which includes key channels like hysteresis, cycle-dependent m...
| Autor principal: | |
|---|---|
| Outros Autores: | |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2020.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 2020/033 |
| Acesso em linha: | Full text available on IMF |